US stock index futures drop significantly ahead of the opening

The futures contracts of US stock indices fell on Friday, coinciding with the continuing concerns about the tightening of the US monetary policy, and the reinforcement of fears of a recession in the US economy.

The futures contracts for the Dow Jones rose by 0.23% and settled at the level of 30,711, while the futures contracts for the S&P 500 decreased by 0.21% at 3,781.50 points.

Finally, the futures contracts for the Nasdaq Composite Index also fell by 26 points, or by 0.23%, at 11,503 points.

US stock indices closed Thursday’s trading session, the close of monthly trading, with a noticeable decline, affected by data that showed the continued increase in the core personal consumption expenditures price index – the Fed’s preferred measure of inflation – by 4.7% in May.